Russians take Dubai real estate market by storm ...News

Russia Today - Economy
Russians take Dubai real estate market by storm
source : Russia Today ( News ) () 74
Sanctions are prompting Russian nationals to stop investing in Western countries, data shows Russians topped the list of real estate buyers from Dubai’s major developer in a sign that demand for property in the UAE remains strong, Bloomberg reported on Thursday.   Emaar Properties, the biggest real estate company in Dubai, which accounts for about 30% of all home sales ahead of construction, has revealed that Russian nationals represented the market's largest segment. The company, however, did not specify the exact percentage.   Data showed that Russians have sharply increased property purchases in Dubai after san

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